Question

Financial statement Data Table a. In column (1) indicate b. In column (2), indicate whether the account is a current asset account identification Mark each of the accounts listed in the following tablE asfollows in which stabement-income statement (1S) or balance sheet (BS)-the account belongs (CA), current Sability (CL), expense (E), fxed asset (FA) Select from the drop down menus) Account Name Accounts payable Accounts receivable Accuals Accumulated depreciation Administrative expense Statement Type of Account Account Name Accounts payable Type of Account Select from the drop down menus ) 12) Type of Account Cash Common stock (at par) Cost of goods sold Account Name Accounts recelvable Statement Equipment General expense Interest expense (Select from the drop-down menus) Account Name StatementType of Ac Land Long-term debt

Answer 1

ACCOUNTS NAME	STATEMEN.	TYPE OF ACCOUNT
Accounts payable	balance sheet	current liability
Accounts receivable	balace sheet	current assest
Accruals	balance sheet	current assest or current liabilities According to the type of accrual
Accumulated depreciation	balancesheet	asset account with credit balance in fixed assets or other name Contra assest account
Administrative expense	income statement	expense
Building	balancesheet	fixed assets
Cash	balancesheet	current assets
Common stock	balancesheet	capital or shareholders equity
Cost of good sold	income statement	expense
Depreciation	income statement	non cash expense
Equipment	balancesheet	fixed assets
General expense	income statement	expense
Interest	income statement	expense
Inventories	balance sheet	current asset
Land	balace sheet	fixed assets
Long term debt	balance sheet	long term liabilities
Machinery	balace sheet	fixed assets